Economist Larry Lynch to retire from Consensus Forecasting Group in June

Larry Lynch, the chairman of the group of economists whose estimates provide the backbone for Kentucky’s budget process, announced Wednesday he would step down at the end of the fiscal year in June.

Lynch serves as emeritus professor of economics at Transylvania University. He was first appointed chairman of the Consensus Forecasting Group in 1994 and has served as a consultant for the Legislative Research Commission since 1975.

The nonpartisan Consensus Forecasting Group of seven economists meet regularly each fall and winter before even-years when the General Assembly takes up the state budget. The group is responsible for estimating revenue streams.

Lynch made his announcement as the group’s meeting wrapped up Wednesday.

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Nick Storm is the Anchor and Managing Editor of Pure Politics, the only nightly program dedicated to Kentucky politics. Nick covers all of the political heavyweights and his investigative work brings to light issues that might otherwise go unnoticed, like the connection between the high profile Steubenville, Ohio rape and a Kentucky hacker whose push for further investigation could put him in federal prison. Nick is also working on a feature length bio documentary Outlaw Poet: A documentary on Ron Whitehead. Follow Nick on Twitter @NickStorm_cn2. Nick can be reached at 502-792-1107 or nicholas.storm@charter.com.